Meta's performance continued to exceed expectations with a 19% sales increase to $40.6 billion, driven by significant advancements in AI technology and user engagement.
Zuckerberg emphasized Meta AI's success, claiming it is on a path to becoming the world's most-used AI assistant, boasting nearly 500 million active users.
Despite robust earnings, Meta faced scrutiny over lower-than-expected daily active users, with 3.29 billion reported against analyst expectations of 3.31 billion.
The company anticipates significant capital expenditures for 2024 and 2025, potentially reaching up to $50 billion as it invests heavily in AI development.
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